In this episode, Paul Bances, VP of Market and Business Development at PayPal Crypto, discusses the evolution of global money movement and PayPal's stablecoin answer. He explains the inefficiencies in traditional payment systems and how stablecoins can address these issues. Bances also delves into PayPal's strategy behind launching pyUSD, its potential impact on various payment scenarios, and the company's vision for the future of digital payments. The conversation also covers the regulatory landscape, the choice of blockchain platforms, and the broader implications for global commerce and financial inclusion. Thanks for tuning in!

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The 6th edition of Meridian, a web3 conference hosted by the Stellar Development Foundation is happening in London, England October 15-17, 2024.

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Polygon Labs is developing the next generation of open source zero-knowledge tech to aggregate crypto liquidity and user bases with the AggLayer. To support the aggregated future, the Polygon Community Grants Program was launched with 1 billion tokens — all for Polygon builders.

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Timestamps:

(00:00) Introduction

(01:33) How Does Money Move?

(07:00) Delayed Settlement Risk

(10:30) Cross Border Stablecoin Unlock

(17:53) History of Paypal Crypto Strategy

(26:14) Stellar Ad

(27:04) Polygon Ad

(28:15) pyUSD Design Decisions

(34:24) Stablecoin Landscape

(37:07) Global & Market Opportunity

(47:31) Why Solana Over L2s or Alt L1s

(50:34) Political Climate Impact

(55:42) Optimistic pyUSD Endgame

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.